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as leverage. so if they lost this first round to fiscal cliff talks they can say we want this and this. so what the administration is going to do is one of two things. insist any fiscal cliff deal includes a raising of the debt ceiling or they're going to say, we want the power to raise the debt ceiling. you know, i think that might actually end up being a big sticking point of the negotiation. >> understandably they see it as the biggest point of leverage. >> it also seems to me the tone is moving in the wrong direction. after the -- right after the election, there was a little bit of recrimination, a little like well, boehner sounded getting squishy and what's happened over the succession of weeks since then, as he's meeting with the caucus, there's a hardening. in terms of -- >> or a disbelief -- a disbelief -- >> comes out and says stuff like that, you read some of the local papers, these people rshs it. >> are telling their local paper we're in a bad negotiation position here. >> the problem is, had he's probably a guy that's going to -- boehner will still be dealing with after januar
, it is a friday morning and this is not a game. words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the pres
$21 billion in assets under management. with the fiscal cliff hanging in the balance, how is the ceo putting that money to work? he joins me in a cnbc exclusive right now to talk about that and more happening in real estate and housing. nice to have you on the program. >> nice to be here. >> what are you hearing out there? what's your take first on the fiscal cliff? what are you seeing in terms of customers? how is it influencing your decisions? >> i'd say it's paralyzed everybody. you're hearing this from everybody. we all are sort of watching this dance in washington and not understanding, like -- i think it's common sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more r
at quarterback. sorry, i've just got to say it. so let's talk about the fiscal cliff. >> you don't want to stick on it? >> you want to stick on this? the thing about josh hamilton is, in the 162nd game of the year. >> yeah. >> he basically let a pop fly fall in front of him. >> yeah. >> no effort. >> the irony, of course, is that he probably has the sweetest swing and the most pure talent in baseball. and when he's on, there's no one better. i think he had a four-home run game where every ball was a line drive. it was right on the peg of the bat. if he put it all together, he would have been sitting pretty right now. >> he would have. so fiscal warnings yet to faze wall street. steve rattner, this is a good one to talk to you about with congress and the president seeming to be further and further apart. we're starting to hear well, maybe we can survive the fiscal cliff for a little while. what's going on? >> no, i don't think wall street is saying we can survive fiscal cliff. they're saying i'm not sure we're going over the fiscal cliff. right after the election wall street dropped 5% when every
to see it in the next 48 to 72 hours. >> chuck, we are talking about the fiscal cliff here and basically, i mean, i know next to nothing about the fiscal cliff or the negotiations that are going on. is your sense that there's more going on behind the scenes than what we talk about or what's in the papers? >> you know, i love -- no. there's not. i mean -- >> you mean we're right? >> no, it's one of those -- it's amazing. i think we all assume oh, there's got to be real stuff going on. this is just -- and maybe this is an elaborate ploy, right, that the president and boehner said okay, we're going to do all this and then magically we'll bring it all together as everybody feels everything's going to heck in a handbasket. but no, there's not a lot going on sort of behind the scenes. there isn't a backroom -- yes, rob neighbors who's the chief congressional liaison for the white house, he checks in daily with boehner's and mcconnell's office, but there's not real negotiations going on like we saw in the last ten days. but i also am a little bit of -- i think everybody should just go to -- you
for campaign style events on the fiscal cliff. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> speaker boehner said the president needs to get serious about what spending cuts he's willing to make. but that was news to senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him, okay? >> he's not alone. all this comes as treasury secretary tim geithner held separate meetings today with boehner, reid, nancy pelosi, and mitch mcconnell, and over at the white house spokesman jay carney said the debt ceiling should not be a pawn in any kind of fiscal gamesmanship. >> asking for a -- that a political price be paid in order for congress to do its job to ensure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible.
pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new idea that republicans get more leverage if they give the president taxes now and hold out on, and hold the line on the debt ceiling like they did last summer successfully is something that is new and i think a different kind of two-part plan that republicans are starting to consider as maybe a backup plan that gives them the ability to say we lost the 2% tax hikes now, but we're going to fight later on the debt ceiling. >> let me bring in congressman james lang foford, fifth rankin republican in the house, congratulations, good morning. >> thank you, good morning. >> let me ask you about the possibility of some sort
the country, the fiscal cliff. there has been zero progress on a deal, no behind the scenes negotiating. no staff level talks, even. nothing. former senate majority leader george mitchell has ideas on how to get a deal. we'll also speak to a political panel, eric erickson and rich gaylen and what it will take to stop the suffering in syria. we show heart breaking pictures of these like a family fleeing for 21 months now. we know it's hard to watch. we think it's worth making sure the world knows what is happening inside the country. senator john mccain has also been keeping a close eye on syria. you'll hear from him tonight. >>> and the image of a man in the final seconds of his life about to be struck by a subway train. we'll ask dr. drew pinsky about why he was being photographed instead of rescued. there was a lot of people standing around on the platform. should they have gotten involved. a lot more at the top of the hour. >> we'll see you in a few minutes. >>> now our fifth story "outfront." did hollywood get access to classified information? "zero dark 30" is about the situation i
Search Results 0 to 7 of about 8